Company DescriptionPsyched Wellness Ltd., a health supplements company, engages in the production and distribution of artisanal, medicinal mushrooms and associated consumer packaged goods. It offers Amanita Muscaria Tincture, which soothes the body, tackles physical distress, reduce stress, ease muscular tension, and promotes restorative sleep. The company was formerly known as Duncan Park Holdings Corporation and changed its name to Psyched Wellness Ltd. in July 2020. Psyched Wellness Ltd. was incorporated in 2019 and is based in Toronto, Canada.

How the Company Makes Money

Psyched Wellness Financial Statement Overview

Summary

Psyched Wellness shows strong revenue growth, yet it faces persistent challenges with profitability and cash flow. While the company boasts a solid equity position and no debt, negative profit margins and cash flow deficits highlight the need for strategic improvements.

Income Statement

Negative

Psyched Wellness has shown strong revenue growth, increasing from CAD 14,274 in 2022 to CAD 623,156 in 2024, marking a significant growth trajectory. However, the company continues to operate at a net loss with a negative net profit margin of -683% for 2024, and its EBIT and EBITDA margins are also negative, indicating ongoing challenges in achieving profitability.

Balance Sheet

Neutral

The balance sheet shows a solid equity position with a debt-to-equity ratio of 0, highlighting the company's reliance on equity rather than debt. However, the return on equity remains negative at -57.3%, reflecting the company's struggles with profitability. The equity ratio is robust at 94.3%, indicating financial stability.

Cash Flow

Negative

The company has maintained a stable cash position with significant cash reserves of CAD 6,357,977 in 2024. However, the free cash flow remains negative, and the operating cash flow to net income ratio is less than ideal, indicating ongoing cash flow challenges despite successful financing activities.

Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
623.16K	321.10K	14.27K	0.00	0.00
	Gross Profit
241.89K	155.71K	7.54K	0.00	-10.00K
	EBIT
-4.52M	-3.33M	-3.87M	-4.48M	-2.15M
	EBITDA
-4.52M	-3.32M	-4.01M	-65.14K	-2.06M
	Net Income Common Stockholders
-4.26M	-3.43M	-4.73M	-4.50M	-2.08M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.36M	6.13M	2.57M	5.53M	2.06M
	Total Assets
7.89M	7.34M	3.31M	6.38M	3.21M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-6.36M	-6.13M	-2.57M	-5.53M	-2.06M
	Total Liabilities
449.33K	303.56K	198.07K	178.15K	34.85K
	Stockholders Equity
7.44M	7.03M	3.11M	6.20M	3.18M
Cash Flow		Free Cash Flow
-3.11M	-3.11M	-3.18M	-3.04M	-2.31M
	Operating Cash Flow
-3.10M	-3.03M	-3.09M	-3.01M	-2.31M
	Investing Cash Flow
-2.78K	-44.84K	126.99K	-28.58K	0.00
	Financing Cash Flow
3.39M	6.64M	0.00	6.51M	4.37M

Psyched Wellness Peers Comparison

Overall Rating

UnderperformOutperform

Sector (54)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PSYCF		$4.22M	―	-68.64%	―	―	―
Sector *	54 Neutral	$5.31B	3.28	-45.10%	2.80%	16.76%	0.02%
MEAT	41 Neutral	C$926.08K	―	49.10%	―	-6.24%	81.75%
BABYF		$3.73M	―	-351.09%	―	―	―
MOOO		C$2.24M	―		―	―	―
CULT	33 Underperform	C$1.87M	―	-185.93%	―	―	48.34%
PNGA	27 Underperform	C$4.37M	―		―	-97.30%	39.70%

* Healthcare Sector Average

Performance Comparison

PSYCF

Psyched Wellness

0.01

-0.05

-83.33%

TSE:MEAT

Modern Meat

0.08

-0.24

-75.00%

BABYF

Else Nutrition Holdings Inc

0.01

-0.14

-93.33%

TSE:MOOO

Happy Supplements Inc.

0.20

-0.90

-81.82%

TSE:CULT

Cult Food Science Corp.

0.02

-0.26

-92.86%

TSE:PNGA

Pangea Natural Food, Inc.

0.33

0.18

120.00%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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